GBP/USD Edges Lower, NIESR Eases UK GDP

GBP/USD is trading at 1.2378, down 0.0017. The pair is trading modestly choppy and a just above the session lows. Market chatter about headline news and global money flows is constant. The National Institute of Economic and Social Research (NIESR) U.K gross domestic product (GDP) estimates showed a rise U.K. GDP of 0.4 percent for the August to October time frame easing from the 0.5 percent level for the third quarter.